Upstream news

In an excerpt from its Global Crude Oil Outlook, ESAI Energy argues that inventories should not be used to justify further production restraint.

CGG geoscientists have been sifting through the evidence to re-evaluate opportunities offshore East Africa and in the West Indian Ocean.

Vice President Taban Deng Gai highlighted the numerous investment opportunities offered to foreign investors within South Sudan’s oil industry at the Saint Petersburg International Economic Forum.

The Luanda facility will service BHGE’s product company capabilities in oilfield services, oilfield equipment, turbomachinery & process solutions, and digital services.

“The transaction adds production for the first time to Lukoil’s West African portfolio, and fits with the Russian company’s aims of developing its offshore expertise and grow its presence outside its Russian stronghold," says Jean-Baptiste Bouzard, senior research analyst at Wood Mackenzie.

The initial deployment is expected in 2021 on a 20 000-psi well in the Gulf of Mexico.

The Dorado-2 appraisal well is in Commonwealth waters approximately 160 km north of Port Hedland, Australia, and 2 km away from the Dorado-1 discovery, made in July last year.

The combined flow from both wells during a 72-hour production test earlier this week reached and maintained the planned production rate of 20 000 bpd.

The Marine XII license covering 571 km2 is located on the continental shelf of the Republic of Congo 20 km from the shore with the sea depth of 20 - 90 m.

The 578-square-mile wide-azimuth survey, known as Bayou Boeuf, is designed to image the Austin Chalk play and provide a better understanding of the formations in this area which have recently regained industry interest.